{"id":63780,"date":"2020-08-21T14:14:00","date_gmt":"2020-08-21T14:14:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2717499"},"modified":"2020-08-21T14:14:00","modified_gmt":"2020-08-21T14:14:00","slug":"groundfloor-ranks-in-the-top-10-percent-of-inc-magazines-list-of-fastest-growing-private-companies","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/08\/21\/groundfloor-ranks-in-the-top-10-percent-of-inc-magazines-list-of-fastest-growing-private-companies\/","title":{"rendered":"GROUNDFLOOR Ranks In The Top 10 Percent Of Inc. Magazine\u2019s List Of Fastest Growing Private Companies"},"content":{"rendered":"

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GROUNDFLOOR, the wealthtech platform that allows everyone to build wealth through real estate, is being recognized as one of the fastest growing private companies in the United States<\/span>. With its debut onto the prestigious Inc. 5000 list, GROUNDFLOOR is listed in the top 10 percent overall at no. 402 with three-year revenue growth of 1,141 percent. The company is also listed as the fastest growing financial services company in Georgia<\/span> and 22nd amongst all financial services companies nationwide.<\/p>\n

GROUNDFLOOR was founded in 2013 by Brian Dally<\/span> and Nick Bhargava<\/span> with a vision to open private capital markets to everyone, with as little as $10<\/span> to start. It subsequently became the first company qualified by the Securities and Exchange Commission to offer direct real estate debt investments via Regulation A for non-accredited and accredited investors alike. Seven years later, GROUNDFLOOR has more than 80,000 registered users who have invested more than $270 million<\/span> into over 1,750 real estate notes. The company has repaid more than 1,000 notes for over $140 million<\/span>, delivering investors a 10.6 percent average annualized return1<\/sup>.<\/p>\n

“When we came up with the idea for GROUNDFLOOR, we knew we were not just building a new company, but also creating a new product, in a new category, for a brand new audience,” said co-founder and CEO Brian Dally<\/span>. “The momentum of investor adoption continues to build as we navigate every obstacle of finance-as-usual, and we’re extremely excited to be recognized as one of the fastest growing private companies in the country.”<\/p>\n

Despite the onset of COVID-19 and limitations on its lending operations due to decreased economic activity nationwide, GROUNDFLOOR’s investment platform continues to grow in 2020, indicating investor confidence in the company’s products as a viable alternative to public investment options. GROUNDFLOOR is also now ramping its lending operations back to pre-COVID levels and standards to grow its inventory of future LROs. Recent growth metrics include:<\/p>\n